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Active Protection System Market 2019 | Global Forecast 2024 | Major Players Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG
Global Active Protection System Market 2019-2024
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Factors such as modernization of armed forces, rise in asymmetric warfare, and rising need for security from different types of weapon systems are expected to drive the market during the forecast period.
The use of active protection systems in defense has increased considerably in the past few years, mainly driven by the rise in the number of warfare platforms being manufactured worldwide. These warfare platforms require systems that can help detect, track, and defend against incoming threats.
Top Key Vendors: Rafael Advanced Defense Systems, KBM, Israel Military Industries, Rheinmetall AG, Raytheon Company,Artis LLC, Saab AB, Aselsan, Safran Electronics & Defense, Airbus Defense and Space.
North America is expected to have the largest market share and dominate the Active Protection System market from 2019 to 2024, due to the presence of a large number of analytics vendors. Asia-Pacific (APAC) offers potential growth opportunities.
Global Active Protection System Industry is spread across 119 pages, profiling 10 companies and supported with tables and figures.
Early buyers will receive reasonable discount on exclusive report @ https://www.orianresearch.com/discount/806389 .
On the basis of platform, the active protection system market has been segmented into air defense and ground defense. The land segment is projected to keep being the major market during the forecast period. The rising demand for active protection systems can be attributed to several factors, including increasing focus on close combat systems, upgradation of existing armored platforms, need for connected warfare systems, and safety of soldiers in a war-like situation, among others.
The global Active Protection System market is valued at 4110 million USD in 2018 and is expected to reach 5610 million USD by the end of 2024, growing at a CAGR of 6.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Active Protection System.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Active Protection System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Active Protection System market by product type and applications/end industries
Inquire for further detailed information before the purchase on Global Active Protection System Market Research Report @ https://www.orianresearch.com/enquiry-before-buying/806389 .
Market Segment by Type, covers:
Soft Kill System
Hard Kill System
Market Segment by Applications, can be divided into:
Air Defense
Ground Defense
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